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The Short-Term Bullish Case For Bitcoin (with apologies to the great @real_vijay)
• SEC granted accelerated approval for the listing and trading of options on $IBIT, BlackRock’s Bitcoin ETF
• $49.5 trillion custodian Bank of New York gets green light to custody Bitcoin for other institutions.
• Harris campaign seems to have no plans to have Harris or Walz do lots of interviews - as JD Vance and even Trump has. This suggests her campaign thinks she doesn’t have to in order to win. Or move to the center.
That may cause people and institutions to flock to Bitcoin for safety. Especially if Democrats win the Presidency, House and Senate in a landslide.
• And if Trump wins, that’s bullish simply from optics alone.👇He’s pro-Bitcoin on his stated policies & positions so far: anti-CBDC, pro-self custody, less regulation, etc.
To paraphrase @dotkrueger: Will one more shitcoin (World Liberty Financial) really negate all that?
• Trump using Bitcoin to buy a burger at Pubkey Manhattan will cause other countries to take note and move towards pro-Bitcoin policies, even if Harris doesn’t. You don’t have to believe countries will race to stockpile Bitcoin.
• Fed cut rates 50bps with much more to come as the latest job number are bad & inflation is down more than expected. Weakening is here.
• BlackRock significantly more bullish on Bitcoin, citing the $35 trillion US debt.
Bottom line:
Risk-adjusted, Bitcoin looks better short-term than it has in quite awhile.
I bought more Bitcoin.




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